Looking Ahead to Next Week’s FOMC Meeting

Overview The market expects that The Federal Open Market Committee (FOMC) to approve a quarter-point reduction at the Oct 29–30 meeting that will set the funds rate down to the 1.5% — 1.75% range. In September, FOMC had cut the federal funds rate from 2.00% to 1.75%, another move following the July rate cut. What happened after […]